Karachi, Pakgen Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 25, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 646,774 with earnings per share 1.74 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakgen Power Limited was incorporated in Pakistan on June, 22 1995. The principals of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW in Muzaffargarh, Punjab. The shares of the Company are listed on the Karachi Stock Exchange and Lahore Stock Exchange of Pakistan. The registered office of the Company is situated at Lahore.
The symbol “PKGP” is being used by the stock exchanges for the shares of Pakgen Power Limited.
